Biden Administration

More than anything else, that may prove a decisive element in ending the partisan standoff.

Some Senate Democrats are pushing the Biden administration to impose tough limits on hydrogen tax credits they say will ensure the fuel lives up to its climate-fighting potential.

McCarthy has told Biden that he did not intend to retreat from public refusals to accept additional taxes as part of an agreement.

The Treasury Secretary Janet Yellen underscored the urgency of the White House reaching a deal with Republicans to raise the debt limit.

The Inflation Reduction Act encourages automakers to manufacture electric cars in the U.S.

Republicans rejected a Democratic proposal that would seek to raise revenue by altering a dozen tax provisions.

She advised Congress that the Treasury may exhaust its special accounting maneuvers to avoid running out of sufficient cash as soon as early June.

The government reached the statutory cap on borrowing in January and the Treasury has since been using special accounting measures to make cash available.

A bipartisan group of lawmakers introduced legislation that would allow President Biden to sign a tax agreement despite objections from China.

The Treasury Secretary said her department's ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted soon.

The narrow requirements for qualifying for the electric vehicle tax credits are causing some consternation in the auto industry.

The country remains among the top candidates to host a new Tesla factory.

The Treasury Department, based on fresh tax revenue data, is set to release an updated estimate of the "X date" when the U.S. can no longer meet its obligations.

House GOP leaders also called for the Justice Department to investigate allegations by an IRS whistleblower involving Hunter Biden.

Hundreds of billions of dollars in clean energy tax subsidies would be repealed by legislation to lift the debt ceiling introduced by the Speaker of the House.

President Joe Biden and First Lady Jill Biden paid $169,820 in federal and state income tax on a combined $579,514 in adjusted gross income, according to their annual tax returns.

The service described some of the rules it plans to include in upcoming proposed regs for what qualifies as an "energy community."

Automakers have been waiting for the U.S. Treasury Department to help them figure out which of their cars are eligible for lucrative electric-vehicle tax credits. The Treasury's response: Keep waiting.

Billions of dollars available — through subsidies and tax credits — to promote the production and purchase of electric vehicles.

Proposed guidance aims to reduce U.S. reliance on China for batteries and minerals.